Weekly pork prices drop in China

0 Comment(s)Print E-mail Xinhua, April 08, 2021
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BEIJING, April 8 (Xinhua) -- Pork prices in China went down last week as supply exceeded demand, official data showed.

From March 29 to April 2, the average pork price index in 16 provincial-level regions tracked by the Ministry of Agriculture and Rural Affairs was 31.13 yuan (about 4.8 U.S. dollars) per kg, down 6.4 percent week on week.

The prices dropped 30.9 percent compared with the same period last year.

The Chinese government took a series of measures last year to boost pork supply, including releasing frozen pork reserves and increasing imports.

To soften the impact of the COVID-19 epidemic in 2020, China ramped up financial support, including subsidies and loans, to major pig-producing counties to restore production. Enditem

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